Mixed-Use Property with Business
For Sale
$999,999
21 2nd Avenue, Long Branch, NJ 07740
Commercial Sale, Long Branch, NJ
Property Size2,342 SF
Lot Size0.09 Acres
Price / SF$426.99
Days on Market99
Property Features for 21 2nd Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Use, Mixed, Commercial
Rooms
Basement
Parking features
On Street, Parking Lot
Exterior features
Display Window
Lot features
Level
Directions
ROUTE 36N RT ON LIBERTY, LT ON BROADWAY, TAKE ROUND ABOUT TO 2ND AVENUE
Standard status
Active
APN
27-00287-0000-00004
Size
2,342 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6375
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Amenities
hardwood floors
private parking
Building Details
Year built
1910
Floors in Building
2
Flooring type
Wood
Building materials
Shingle Siding, Stucco
Roof type
Shingle
Listing Agency:
Coldwell Banker Realty
(732) 462-4242
Listed By:
Lucia Palmese
(732) 367-1300
Added: May 29
Changed: Sep 4
Last Checked: Sep 4 at 3:06AM
MLS# 22615917
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,342-square-foot mixed-use property, built in 1910, combines a first-floor business area with residential space above. The layout includes 5 bedrooms and 4 full bathrooms, with enough separation to support two potential rental units. Wood flooring runs throughout, while the building also features shingle siding, stucco, a shingle roof, forced-air heat, and window-unit cooling.
The property occupies 0.09 acres at 21 2nd Avenue in Long Branch, New Jersey. Parking is available through a rear parking lot and on-street spaces. Public water and public sewer serve the property, and a display window adds functionality to the commercial frontage.
The property occupies 0.09 acres at 21 2nd Avenue in Long Branch, New Jersey. Parking is available through a rear parking lot and on-street spaces. Public water and public sewer serve the property, and a display window adds functionality to the commercial frontage.
Key Highlights
- 2,342 square feet on a 0.09‑acre lot
- First‑floor business area with two potential rental units
- 5 bedrooms and 4 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,833
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$716,660
$716.7K
Cap Rate 7%
$511,900
$511.9K
Cap Rate 9%
$398,144
$398.1K
Market Conditions
NOI Build-Up for 2,342 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.3K $30.00/SF
− Vacancy
−$22.5K −$9.60/SF
EGI
$47.8K $20.40/SF
− OpEx
−$11.9K −$5.10/SF
NOI
$35.8K $15.30/SF
Area
Monmouth County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$716,660
Cap Rate 7%
$511,900
Cap Rate 9%
$398,144
Alternative Uses
Best Use
Office B
$511.9K
$447.9K – $597.2K
NOI $35,833 @ 7.0% cap · market cap 3.58%
Second Best
Retail
$477.5K
$417.9K – $557.1K
NOI $33,428 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$611.5K
$535.1K – $713.5K
NOI $42,808 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible layout combines a first-floor commercial area with upper-level residential accommodations and parking access.
Where is this mixed-use property located?
The property is located at 21 2nd Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 2,342 square feet on a 0.09‑acre lot; First‑floor business area with two potential rental units; 5 bedrooms and 4 full bathrooms
